ArcelorMittal urges India to double customs duty on steel to check imports

New Delhi: India should double the customs duty on steel to check imports as the country faces dumping of steel and predatory pricing, ArcelorMittal Nippon Steel India's CEO Dilip Oommen said on Tuesday.

India's finished steel imports from China hit a seven-year high during the first five months of the 2024/25 financial year.

"The basic customs duty should be doubled to 15% from 7.5% currently," Oommen said at the FT Live Energy Transition Summit India.